I've been keeping an eye on bank stocks since July of last year when this mess really started coming to a head. At the end of each trading week I count up the total number of bank stocks that made a new 52 week low on any day that week. I count S&L's with the banks, BTW. For the week ending 07/27/07 the Dow was down 585 points and I couinted up 311 bank stocks that made new lows. (this was the highest number I've noticed) For the week ending 11/09/07 the Dow was down 552 points and I counted up 249 bank stocks that made new lows. For the week ending 01/04/08 the Dow was down 565 points and I counted up 211 bank stocks that made new lows. For the week ending 02/08/08 the Dow was down 561 points and there was only 44 banks stocks that made a new low that week. I don't follow any of the banking indexes out there, so maybe these totals correlate with them, maybe they don't. I just prefer to look at it in the aggregate by each individual stock. Anyway, this seems to imply that some of the panic is subsiding. Just an FYI, this week with the Dow down 372 points, I counted 125 banks that hit a new low.